Two-Family
New
For Sale
$1,098,000
Pending
61-43 157th Street, Flushing, NY 11367
The two residences have separate electric meters, with one bedroom on the first floor and two on the second.
Property Size1,800 SF
Lot Size0.05 Acres
Days on Market6
Property Features for 61-43 157th Street
General Information
Standard status
Pending
Size
1,800 SF
Total Parking Spaces
2
Lot size
0.05 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Individually Metered Utilities
electricity
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,653
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
1,800 SF
Year Built
1960
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
B Square Realty
Listed By:
Biqing Ying
(516) 737-5252
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of B Square Realty
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Investment Insights
Based on property information with market context.
This legal two-family duplex was built in 1960 and has a one-bedroom unit on the first floor and a two-bedroom unit above. The building has no basement and is served by three separate electric meters. A private driveway accommodates two vehicles. The property is currently occupied by tenants.
The home sits on a 20 x 100 lot in Flushing, with public transportation, shopping, dining, and everyday amenities nearby.
The home sits on a 20 x 100 lot in Flushing, with public transportation, shopping, dining, and everyday amenities nearby.
Key Highlights
- Legal two‑family home with one‑bedroom and two‑bedroom units
- 20 x 100 lot with an approximately 20 x 45 building footprint
- Three separate electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,000
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,000
$880.0K
Cap Rate 7%
$628,571
$628.6K
Cap Rate 9%
$488,889
$488.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$83.2K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$80.0K $44.44/SF
− OpEx
−$36.0K −$20.00/SF
NOI
$44.0K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,000
Cap Rate 7%
$628,571
Cap Rate 9%
$488,889
Alternative Uses
Best Use
Apartment 5plus
$628.6K
$550.0K – $733.3K
NOI $44,000 @ 7.0% cap · market cap 4.01%
Second Best
Multifamily LT 5
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 11367, NY
43,112
Population
15,693
Households
2.7
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.9 sq mi
ZIP Area
22,691
Density / Sq Mi
$75,804
Median Household Income
$45,052
Median Earnings
$1,774
Median Rent
$519,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences have separate electric meters, with one bedroom on the first floor and two on the second.
Where is this duplex located?
The property is located at 61-43 157th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: Legal two‑family home with one‑bedroom and two‑bedroom units; 20 x 100 lot with an approximately 20 x 45 building footprint; Three separate electric meters
